GBPUSD H1 | Bullish Bounce
Title
GBPUSD H1 | Bullish Bounce
Type
Bullish Rise
Preference:
Price is currently at the pivot of 1.2721, a pullback support close to 78.6% Fibo retracement. A bounce from this level could lead the price to rise to 1st resistance at 1.2778, a pullback resistance.
Alternative scenario:
If price breaks below the pivot, it could fall to 1st support at 1.2670, an overlap support
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